of 2.500 hours each at an average wage rate of $30 per hour The maneger also esimated the following manufactuing overhead costs for 2017 10 Rent on taotory bullding Sipedactery ineuranoe oxpr expired Total eatinated orerhend coat 1,30,aa0 At the end of 2017, records show the company Incurred $1566,000 of actual overhead costs. Icompleted and sold five jobs with the ollowing direct labor costs: Job 201 $608000; Job 202, $567000; Job 203, $302000 Job 204, $720,000; and Job 205, $318,000. n addition, Job 206 Is in process at the end of 2017 and had been charged $21,000 for direct labor. No jobs were in process at the end of 2016. The company's predetermined overhead rate is based on direct labor cost. Required 1-a. Determine the predetermined overhead rate for 2017 1-b. Detormine the total overhead cost applied to esch of the sik jobs during 2017 1-C. Determine the over or underappilied averhead at year-end 2017 2. Assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over or underapplied averhead to Cost of Goods Sold at the end of 2017 Complete this question by entering your answers in the tabs below Req IA Req 1C Rea 2 Determine the predetermined overhead rate for 2017 Prev 20 Next